Showing 1 - 10 of 183
The operating areas of each terrestrial broadcasting station in Japan are geographically divided by a licensing system and form oligopolies in each of their respective markets. These institutional constraints define the market structure, and as a result, affect the business performance of the...
Persistent link: https://www.econbiz.de/10005412909
This paper analyses oligopolies using the Cournot/Stackelberg framework, but allowing some firms to be pursueing aims other than profit maximisation. The existence of even a single output maximising firm can have dramatic effects on outputs, prices and welfare, even if such a firms faces...
Persistent link: https://www.econbiz.de/10005134543
This paper analyzes the incentives for governments to impose export subsidies when firms invest in a cost saving … technology before market competition. Governments first impose an export subsidy or a tax. After observing export policy, firms …. Under Bertrand competition, export subsidies are positive whenever R&D is sufficiently cost-effective at reducing marginal …
Persistent link: https://www.econbiz.de/10005062617
Although the GATT prohibits discriminatory import tariffs, it includes means for circumventing this prohibition. The … previous literature uses static models and discriminatory tariffs increase welfare. In a dynamic model, if governments lack the … ability to precommit, this is not necessarily true. For example, with consumer switching costs, tariffs are higher for firms …
Persistent link: https://www.econbiz.de/10005062636
committed to trade policy during two periods. We compare the case in which both governments choose their export subsidies in the …, under Cournot competition, welfare is higher when both governments synchronize their choice of export-promoting policy …, since export subsidies are lower (closer to the cooperative solution) than when governments set them sequentially …
Persistent link: https://www.econbiz.de/10005556420
We study the effect of market structure upon international trade policy when firms invest in process R&D before competing in a differentiated goods market. For a domestic monopoly, and increasing the number of foreign firms, the government either chooses a R&D (and output) subsidy, or remains...
Persistent link: https://www.econbiz.de/10005556503
This paper examines Foreign Direct Investment in the presence of labour unions. An oligopoly model is developed in … which identical firms locate in a host country in order to export to a foreign country. These firms are unionised and …
Persistent link: https://www.econbiz.de/10005119228
Parallel imports are a significant academic and policy issue. Official investigations into the impact of parallel imports on music CD prices have reached widely conflicting conclusions. This note reports an event study on an international panel of changes in copyright law to permit or disallow...
Persistent link: https://www.econbiz.de/10005119281
We use an experiment to explore how subjects learn to play against computers which are programmed to follow one of a number of standard learning algorithms. The learning theories are (unbeknown to subjects) a best response process, fictitious play, imitation, reinforcement learning, and a trial...
Persistent link: https://www.econbiz.de/10005407609
We discuss the case of a monopolist of a base good in the presence of complementary goods provided either by it or by other firms. We assess and calibrate the extent of the influence on the profits from the base good that is created by the existence of complementary goods, i.e., the extent of...
Persistent link: https://www.econbiz.de/10005412872